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Network          (https://finance.yahoo.com/plus/alphaspace/?.done=https%3A%2F%2Falphaspace.finance.yahoo.com%2F&ncid=100003418)    Try AlphaSpace    (https://finance.yahoo.com/plus/select-plan/?.done=https%3A%2F%2Ffinance.yahoo.com%2Fenergy%2Farticles%2Foil-jumps-week-open-us-220601450.html&ncid=100002891) Upgrade to Premium                  Market status isn't available now       US Markets      US Markets     Europe Markets     Asia Markets     Cryptocurrencies     Rates     Commodities     Currencies          (https://finance.yahoo.com/quote/ES%3DF/) S&P Futures   7,692.50 -29.50  -0.38%                       (https://finance.yahoo.com/quote/YM%3DF/) Dow Futures   53,459.00 -125.00  -0.23%                       (https://finance.yahoo.com/quote/NQ%3DF/) Nasdaq Futures   29,326.50 -165.25  -0.56%                       (https://finance.yahoo.com/quote/RTY%3DF/) Russell 2000 Futures   2,968.10 -9.40  -0.32%                       (https://finance.yahoo.com/quote/%5EVIX/) VIX   14.43 -0.08  -0.55%                                                         (https://finance.yahoo.com/quote/GC%3DF/) Gold   4,506.10 -23.80  -0.53%                       (https://finance.yahoo.com/quote/BTC-USD/) Bitcoin USD   77,555.41 -521.49  -0.67%                                               (https://finance.yahoo.com/quote/CL%3DF/) Crude Oil Oct 26   85.07 +1.67  +2.00%                          (prev)     (next)           ADVERTISEMENT      (https://www.bloomberg.com/company) (Bloomberg) (Bloomberg)    Oil Jumps at Week’s Open as US Military Hits Iranian Launchers    Kanoko Matsuyama  Sun, August 30, 2026 at 6:06 PM EDT 2 min read    (Share links)        (Share Links)         (Bloomberg) -- Oil surged after fresh fighting flared up in the Strait of Hormuz, highlighting risks to flows from the Middle East after months of conflict. Most Read from Bloomberg (https://www.bloomberg.com/news/articles/2026-08-28/reliance-owned-firm-buys-lutyens-bungalow-for-37-million?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) Reliance-Owned Firm Buys Lutyens Bungalow For $37 Million   (https://www.bloomberg.com/news/articles/2026-08-29/hair-loss-drug-stocks-soar-as-wall-street-s-next-big-bet-after-glp-1-boom?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) Forget GLP-1 Stocks, Baldness Drugs Are Wall Street's Next Goldmine   (https://www.bloomberg.com/news/features/2026-08-26/ashley-flowers-crime-junkie-podcast-empire-audiochuck-faces-reckoning?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) The Unraveling of Podcaster Ashley Flowers' True Crime Empire   (https://www.bloomberg.com/news/articles/2026-08-29/trump-backlash-adds-new-risks-to-the-stocks-the-government-owns?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) Trump Backlash Adds New Risks to the Stocks the Government Owns   (https://www.bloomberg.com/news/articles/2026-08-28/trump-assails-ny-s-hochul-after-she-rejects-lake-america-name?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) Trump Assails NY's Hochul After She Rejects 'Lake America' Name      Brent for November rose above $90 a barrel, while West Texas Intermediate was near $86. The US military struck Iranian rocket launchers preparing to send mines into the waterway on Sunday, according to Captain Tim Hawkins, a spokesperson for US Central Command, ending weeks of relative calm. Crude is wrapping up a volatile month in which Brent futures have swung in a range of almost $17 a barrel. Prices have been buffeted by stop-start efforts to bring an end to the fighting, as well as a pledge by Washington that it will try to force Tehran to capitulate by ramping up efforts to isolate and cripple Iran's economy. Still, analysts have been underwhelmed by the US actions. Still, even without a peace deal between Washington and Tehran, about 6 million to 8 million barrels a day of crude are moving through Hormuz, according to traders monitoring cargoes. Separately, Iran's semi-official Mehr news agency reported that vessel traffic along a route approved by the Islamic Republic "is taking place on a limited basis," with ships sakid to be paying tolls.   Trading in Brent futures may be lower than usual in Monday's session, with parts of the UK including England marking a national holiday. 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